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901 Pennsylvania Ave, Miami Beach FL 33139

Commercial Recently Sold
$3,725,000

BTC: 55.96804127

ETH: 1,155.39343861

Sold on: 2022-01-31
85 days
0 room(s)
Est. Estimated sales range: $0 - $0
$0

Overview

Most unique multifamily property on South Beach now being offered for sale. A combination of three retail outlets on the ground floor, anchored by UPS, one office tenant, and six oversized one bedroom apartments on the second floor. The property has a cap rate close to 6%. Huge upside as the property is centrally located next to Washington Avenue, which has been designated by the city of Miami Beach as a Business Improvement District (BID). The new 300 room Moxie Hotel has just opened directly across the street from the property on Washington. The retail stores have front and rear entrances which attach to a Miami Beach Municipal parking lot.

Location

Florida • Miami Beach • 33139 • Commercial • Recently Sold

Facts and features

Type:
Commercial Sale
Parking:
No Data
Year Built:
1948
Lot:
7500 Square Feet
Heating:
Central Building A/C
Price/sqft:
No Data
Cooling:
Central Building A/C
HOA:
No Data
All facts and features

  • Flooring

    • Concrete

    • Tile

    Heating

    • Central Building A/C

    Cooling

    • Central Building A/C

  • Lot

    • Lot: 7500 Square Feet

    Other Property Information

    • Parcel Number: 02-42-03-009-0220

    • Zoning: 4800

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Income/MultiFamily

  • Other financial information

    • Annual tax amount: $54,207

  • Source details

    • MLS ID: A11066759

    Other facts

    • Lot Size Dimensions: 75x100

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Douglas Elliman